Smart hodling vs just hodling

[Superalgos]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put a good chunck of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go down in each correction, or maybe even back to the $3K range?

To me, the utmost goal of a hardcore hodler is to accumulate bitcoin, as much as possible, always managing your risk level.

With that in mind, the smarter way to hold bitcoin is to sell it when prices start going down, only to re-buy a larger quantity when prices stabilize at a lower range. Then, with the same capital, you increase your bitcoin holding every time prices drop.

That is what I'm doing at this point. I'm using a strategy a few friends and I built. The strategy seems to be very good at predicting big downward market moves, giving a sell signal early on, as the move starts developing. It also indicates when you should re-buy. Backtests show amazing performance in 2018 (549% ROI in BTC) and 2019 (106% ROI in BTC). Current live trading experience is quite short-lived, but we did catch the fall of September 24th, with a 26% ROI in BTC in a single trade.

The strategy is explained in this article recently published in Hackernoon: How to Increase your Bitcoin Holdings in a Bear Market - Part I

[Pearls Before Swine]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

I would consider myself a true believer in bitcoin but I dont have most of my savings in it.  The volatility is just too much to handle to do that, and I am not a kid in my twenties anymore.

As regards 'smart' hodling, whether you make a profit on bitcoin or not depends on what price you bought it at.  Smart investors dont make mistakes like buying bitcoin when it was near its all time high, and there were no doubt many traders who did just that.  My opinion is that now is an excellent time to buy and hold bitcoin, because its at less than half of that high and in time it will get back there.  I couldn't say when but its going to happen and probably within a couple of years.  That's smart hodling.

watching the price go back down to the $3K range?

That most likely wont happen again.  If it does its an even better chance to buy in.

[Yatsan]

I don't know if there is ''smart'' holding the way to think of it but what I guess is that holding with passive income? isn't that it?
Holding bitcoin is a smart way because it has the highest volatile coin in the market, knowing that it already reached a skyrocket price last year.
I don't see probability with your speculation seeing bitcoin on $3000 range with the market now and for longing the range at $8000.

Smart holding is holding bitcoin.

[ChrisPop]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

A smarter way would be to learn a little bit of technical analysis. You don't need a lot to gain your edge over the market. Just learn one of the simplest but so powerful indicators - HORIZONTALS. Those will tell you when a major level is broken and that the price might head much down further down or up. It is certainly better than just buying and holding your Bitcoin. But if you don't want headaches and don't want to be responsible for your trades.. or maybe you don't have the time to do it and you are much comfortable just putting your money there and watching it grow 

[electronicash]

plummet would be too much of a term to use, its price didn't take a nose dive in just a day to hit the bottom at $3k. it was gradual that everyone had the chance to sell upon seeing signals after all prices normally goes down every time it spikes. don't be too hardcore, use your btc to invest to some other projects, either for staking or MN.
you hold the coins tight when you buy them at the lowest possible price because you knew you only spend few bucks to it, this i guess still is holding. whichever it is.

[MetalGear]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

[BitHodler]

No, believe me, Bitcoin won't go back to $3000, but it will increase in the next few months I think, I recommend to you just stay in your place by holding a bag In your hands, just shut up, don't do anything, then we will get immediate profits after Halving Bitcoin occurs later.

Why would anyone believe you? The people who said the same last year even 'guaranteed' fellow hodlers that the price couldn't drop below the $6k mark because that price was what miners needed to break-even.

People didn't take into consideration that Bitcoin has difficulty adjustments to make sure mining will always be brought back to levels it will be profitable again to mine. People paid more attention to fud from news outlets....

Markets can stay irrational for months or even years in some cases. Just because something has great underlying fundamentals it doesn't mean the speculative nature of the market has to respect it.

[el kaka22]

how painful is it to watch bitcoin price plummet?

Honestly, do not have time to worry about prices when it falls and not bothering when it was testing $19.8k in 2017 and $13.4k recently. Long term holders are targeting big profits in millions hence never bother these small fluctuations. I believe only those holders who are all believing that bitcoin may test million dollar levels should be consider as hardcore bitcoin believers. There is no point of smart holding or firmly holding or simply holding. Holding for big targets hence type of holding is not a big issue .

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

There could be very less chances for prices to break $7k levels forever hereafter. Halving which will result in less than 10 BTC for every 10 minutes here after is down under. It is time for bitcoin to fly above $20. Expect the unexpected and not the same old stories.

[owengtam09]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

I am one of those bitcoin believers, but I dont see myself putting all my money or savings in bitcoin because I know the risk. Once that there is money involve then risk is heading for sure, I don't want to take high risk so I don't want to put ALL MY SAVINGS in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

Of course it's hard to see that.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

I don't think there is a smarter way of holding bitcoin.

[stomachgrowls]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

There are no other meaning of holding but to simply keep those coins stationary or on still.There no such thing about smart holding because you cant
do anything into those funds if they are really plan not to be touched.If you do get those coins and trade it then you arent doing holding anymore.
Its always been part that you would see how the price plummet and a human being you would simply react and got worried specially if you do see that your
capital is slowly decreasing and as a holder you should resist panic sell and burst up of emotion.You had to endure if you do really believe in bitcoins potential
then you would just neglect those price volatility.

[FetishKing]

[/quote]
There could be very less chances for prices to break $7k levels forever hereafter. Halving which will result in less than 10 BTC for every 10 minutes here after is down under. It is time for bitcoin to fly above $20. Expect the unexpected and not the same old stories.
[/quote]

So Why did LTC dropped substantially after and near the halving period?

[AniviaBtc]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

I'm really a believer of bitcoin and seeing it falling is very unpleasant. While all you have to do is hold it on and wait for the right time for it to grow but it's going down. It feels like you're investing for something that is unsure.

But this time, since it plummet, you grab the opportunity to buy bitcoin in a much lower price. And just wait and be patient when it increases again in to a higher price, that's the way you'll gain more profit. But there's no specific season where it will become great again.

[harizen]

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

Setting too many expectations for bitcoin will really lead to disappointment. In the first place, why should bitcoin meet anyone's expectations at a given timeframe?

That reference on bitcoin should hit another ATH to this date is already too much to expect. Coming from a year-long bearish market and anyone wants to expect that a big bounce-back should happen in less than a year? That another ATH will surely established but give it time and instead, just trust the process.

However, how painful is it to watch bitcoin price plummet?            

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

A true hodler will ignore anything that will happen along the way even during a blood bath market.

They should be committed to face all the risks while hodling for their long-term goals.

[adroitful_one]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

Trading it or investing it into something. Even in downtrends, there are daily ups and downs you can take advantage of if you learn a little technical analysis. Or, you could simply trade it for some other alt that you think is going to rise during the downtime. Yet another option is to loan it out or invest it. Just make sure you do your research and don't end up getting scammed from these investments. I personally don't like to leave any of it just sitting. I'm always doing something with it.

[Kupid002]

So Why did LTC dropped substantially after and near the halving period?

LTC halving is different story.
Ltc halving started when the market is in bear season. halving will not guaranteed that it will increase its price, that was only speculation that After  halving the coin price might  increase.

[Genemind]

As for me, smart holding only involves a lot of patience. We can't do anything about the current situation of the market but to deal with it. This kind of situation has been circulating for years so I don't think panicking or losing hope every time the prices turn red is still normal for experienced holders.
That's the risk of investing in crypto but if you want to get rid of worries while holding, just leave and forget your investment for a while and get your gain at the right time.

[Superalgos]

Several people mentioned that when the price goes down, it's a good time to buy more bitcoin.

Following that same logic, wouldn't a smarter way of holding bitcoin involve selling it when the price starts going down only to re-buy a larger quantity (for the same $) when price stabilizes?

[AicecreaME]

I don't know if there is ''smart'' holding the way to think of it but what I guess is that holding with passive income? isn't that it?
Holding bitcoin is a smart way because it has the highest volatile coin in the market, knowing that it already reached a skyrocket price last year.
I don't see probability with your speculation seeing bitcoin on $3000 range with the market now and for longing the range at $8000.

What OP means by "smart holding" is we have to stay alert on checking the price of the altcoins we have for us not to miss the chance to sell it on the price that we want to earn profits and "just holding" means you have no idea what you are doing, you are just hodling because it is what the majority does, you are just waiting for the bull run even you could make profits while waiting for that one.

Smart holding is holding bitcoin.

No matter what

[palle11]

I consider OP's smart hodling to be those investors who are hodling their coin for the purpose of business. That is those that always check either cmc to see if they have made profit from their hodling and sell off to wait for another buy chance.
For just hodling or just hodlers, they are just keeping and waiting for when they say price has gone to another ATH, or somebody advising them to sell. This class of just hodlers are not business minded with their coin.

[Wysi]

Many of us here are hardcore bitcoin believers. If you are anything like me, you've put most of your savings in bitcoin.

However, how painful is it to watch bitcoin price plummet?            

April 1st signaled the start of what seemed would be yet another bull run… however, the rally seems to have been cut short without getting close to the all-time high.

What do you think would be a smarter way of hodling bitcoin other than standing still, bag in hand, while watching the price go back down to the $3K range?

It purely depends on the kind of experience one has with bitcoin and the knowledge one carries about the whole crypto market. I have come across profiles who don't give a damn about the price dip as they have invested for long term like 10 years or so but they have already saved enough and utilized it unlike the recent contributors who have only seen the downfall of bitcoin as these users have invested money in bitcoin only post December 2017 when bitcoin became talk of the town for the unexpected pump.

I would prefer buying during the price dump and converting existing BTC to USDT rather than just observing the bloodbath.